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1. Jobs report revisions
2. Revised job numbers
3. Employment data updates
BREAKING: BOTH May and April jobs report numbers were just revised lower by a combined 111,000 jobs.
The May jobs report was revised from 272,000 to 218,000 while the April jobs report was revised from 165,000 to 108,000.
This means that 10 out of the last 15 monthly jobs
The May and April jobs report numbers were just revised lower by a combined 111,000 jobs, according to The Kobeissi Letter. The May jobs report was revised from 272,000 to 218,000, while the April jobs report was revised from 165,000 to 108,000. This adjustment indicates a significant decrease in job numbers for both months. The data reveals a concerning trend in the labor market, with 10 out of the last 15 monthly jobs reports being revised downwards. Stay informed on the latest economic updates by following The Kobeissi Letter on Twitter.
BREAKING: BOTH May and April jobs report numbers were just revised lower by a combined 111,000 jobs.
The May jobs report was revised from 272,000 to 218,000 while the April jobs report was revised from 165,000 to 108,000.
This means that 10 out of the last 15 monthly jobs… pic.twitter.com/JdrvMolGg3
— The Kobeissi Letter (@KobeissiLetter) July 5, 2024
Related Story.
The latest economic news has sent shockwaves through the financial world as both the May and April jobs report numbers have been revised lower by a staggering 111,000 jobs. This revision has significant implications for the job market and the overall economy, as it signifies a slowdown in job growth and raises concerns about the strength of the recovery.
In the revised May jobs report, the initial figure of 272,000 jobs added was revised down to 218,000. Similarly, the April jobs report was revised from 165,000 to 108,000 jobs added. These revisions paint a grim picture of the job market, indicating that job growth has not been as robust as initially reported.
This downward revision in job numbers is particularly concerning given that it represents 10 out of the last 15 monthly jobs reports. This trend of downward revisions suggests that the job market may not be as strong as previously believed, raising questions about the sustainability of the economic recovery.
The implications of these revised job numbers are far-reaching. A weaker job market could dampen consumer confidence and spending, which in turn could slow down economic growth. Additionally, it could have an impact on the Federal Reserve’s decision-making process, potentially leading to a delay in interest rate hikes or other monetary policy changes.
It is essential for policymakers, businesses, and individuals to closely monitor these developments and adjust their plans accordingly. A weaker job market may require additional support measures to stimulate job growth and ensure economic stability.
In conclusion, the revision of both the May and April jobs report numbers by a combined 111,000 jobs is a concerning development that raises questions about the strength of the economic recovery. It is crucial for all stakeholders to pay close attention to these developments and take appropriate actions to support job growth and economic stability.
Source: [The Kobeissi Letter](https://twitter.com/KobeissiLetter/status/1809207208011571555?ref_src=twsrc%5Etfw)
